Housing market has gone into 'hibernation' CREA says, with lower sales, listings and flat prices

The Canadian Real Estate Association said that the number of homes that sold on the group’s Multiple Listing Service fell by 5.6 per cent in October from the previous month’s level. There were fewer homes changing hands and even fewer new listings being put up for sale in the first place. The average selling price of a home that sold during the month was $656,625, slightly ahead of September’s level and up by 1.8 per cent from where it was a year ago.